PwC Legal and PwC advise Aleph Alpha on Series B financing round amounting to half a billion US dollars
Berlin, 8th November 2023
A multidisciplinary team of PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and the auditing and consulting firm PwC Germany advised Aleph Alpha GmbH (Aleph Alpha) extensively on the legal and tax aspects of its Series B financing round with a transaction volume of over half a billion US dollars.
The financing round was led by the Schwarz Group and Bosch Ventures. Other new investors include Christ&Company, Hewlett Packard Enterprise, SAP and Burda Principal Investments. Existing investors such as LEA Partners, Earlybird, UVC Partners, 468 Capital and Cavalry Ventures also participated in this financing round.
Aleph Alpha, based in Heidelberg, Germany, is committed to researching and developing AI enabling technology for a new era of powerful AI. The team of international scientists, engineers and innovators researchers, develops and implements transformative AI such as large-scale AI language and multimodal models.
This major investment strengthens Aleph Alpha's position as a leading provider of sovereign generative AI applications in Germany and Europe. Aleph Alpha intends to use the more than 500 million US dollars to provide sovereign AI solutions for enterprises and government agencies and to intensify the development and commercialisation of generative AI for the most demanding and critical applications in privacy-sensitive industries such as healthcare, finance, law, administration and security.
"With this latest investment, we will continue to expand our capabilities and enable our partners to be at the forefront of this technological development. For customers in privacy-sensitive industries and in strategic environments where sovereignty is key, we will continue to be the best option," says Jonas Andrulis, CEO and founder of Aleph Alpha, about the successful Series B round.
Advisors Aleph Alpha
PwC Legal (Berlin/Stuttgart):
Gerhard Wacker (Lead), Dr Minkus Fischer, Hannah Henning, Linda Kohal (all Legal Deals / M&A), Susanne Zühlke, Gerung von Hoff, Melanie Schwaderer (all Antitrust), Dr Steffen Nguyen-Quang, Manuel Klingenberg (both Labour Law)
PwC Germany (Berlin):
Alexander Friedheim (Lead Tax)
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